Noble Energy sees significant oil potential in the Levant basin


The Eastern Mediterranean is on the road of becoming a major hydrocarbon producer, John Tomich, Noble’s Energy Cyprus country manager have said, while underlining that there is significant oil potential in the Levant basin.

Addressing the Eastern Mediterranean Gas Conference, in Nicosia, Tomich referred to the need for more exploration activity to take place, for the area`s full potential to emerge.

“There is still much exploration to be done, before the full potential of the Eastern Mediterranean is known, but we are off to a very good start with the major gas discoveries that have been made offshore Israel and Cyprus” Noble Energy`s official said.

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